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20130615
20130623
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about every one of us. fed chairman ben bernanke expects the economy to grow and unemployment to fall. but he also signalled today that years of low interest rates that have made it easy for companies to invest and families to buy cars and homes may soon be ending. the dow dropped more than 200 points on that news. the nasdaq dropped almost 40. ton, abc news reporter rebecca jarvis explains what that means to the average american. >> david and sara turn bull are looking at homes in newbury park, california, for their expanding family, hoping to take advantage of record low interest rates. >> because we're at a time where we can buy, we would ideally like to lock in an interest rate. >> but in the last six weeks, interest rates have started climbing. mortgages now above 4% for the first time in a year. up more than half a percent since may. >> people are really thinking that makes a big difference in my monthly payment and what i can afford. >> every 1% increase in mortgage rates makes owning a home about 10% more expensive. >> i like that. >> in real terms, when rates rise a percent,
. the possible move south could pump $130 million in san jose's economy. the numbers have sounded good to the owners. >> i think we would benefit as well as all of the businesses if there there was more to do and see. >> the giants had no comment on the lawsuit. in san jose, lisa amin gulezian, abc7 news. >> a's fans in oakland are not in favor of the team moving south. neither is mayor gene quan. >> they may have lawsuits, but we have fights. i have been saying to major league baseball that we are ready. let's play ball. >> we are east bay. no way going san jose. >> the oakland coliseum ranks as one of the worst in baseball. a a couple of days ago faulty pipes dumped sewage into the team locker room creating a real mess. >>> we are getting a lot of comments on our facebook page about this story. if you would like to join the conversation we would love for you to do that. go to facebook.com/abc7 news. always glad to hear from you. >> the reward to help find a killer after a traffic accident last week increased to $theater,000 today. to $30,000 today. he was gunned down after a fender b
around this track. the real winner of the race could actually be the local economy that is gearing up to welcome a lot of fans. >> good afternoon. thank you for calling. how may i help you? >> if you are looking for a room in novato, don't bother calling here. rooms have been booked for months by fans with a need for speed. nascar weekend is huge for north bay hotels. robert marshall says he starts planning in january. >> nascar brings 100,000 people with that. there are not 100,000 rooms in marin county. it fills up all of marin county and most of sonoma county and even into vallejo. >> next door ricky's bar and grill stopped taking reservations for this weekend last month. this nascar driver made a pitstop here before the big race on sunday. >> without the fans we wouldn't be doing this. we really uh proash yait the fans coming out to watch. it is special to come out to the sonoma rase way. >> this is like christmas in june. people travel and they have this date on their calendar all year long. >> fans who want to be close to the action have camped out across from the race way in th
economy and proposition 30 tax increase. governor brown able to keep lawmakers from spending the excess revenue. >> we not only keep the book books in balance, $1 billion reserve, paying down debt and for the first time in five years we're able to restore a few things. >> it's encouraging. lawmakers will be back to work tomorrow to pass supporting bills governor brown says he may use the line item veto to trim the budget further. >> just ahead high tab taxpayers could pay for the first family's upcoming vacation. >> that and the destructive fire in colorado history. if what officials did before the fire got out of hand that is credited tonight. >> the debt collapse in a crowded bar near miami what. investigators uncovered. >> art work here in san francisco now underway. inspire bid the sistine chapel. meet the artist behind this work. you might be surprised when [ female announcer ] safeway presents real big deals of the week. or how to get great prices on things you need. we know you look around for the best deals. that's why we give you real big club card deals each week. load up the
day. stock prices went up today and when the feds taper off the stimulus program it means the economy is improving actually. dow rose 41 points today. >> well health news. more men over 40 participate in try after lon there are new health concerns when competing in that endurance test. triathalon combine swimming biking running. researchers say it's the swimming portion of the race that can be particularly dangerous. here's why. cold water. anxiety can speed up the heart raise causing hyper convenient las vegas. at the same time water in the face and extended breathing makes the body want to slot heart rate to conserve oxygen. doctors say the 2 responses at the same time can cause cardiac arrest. heart attack race officials say there is an up take in fatality among middle age men. >> john muir national historic tonight martin rest confident that a living connection to the nationalist kn can be preserved forever. thinks really interesting. this tree at the site was planted by muir in 1852. the seedling taken from the sierra. well the tree has a fungus that is eventually un
Search Results 0 to 4 of about 5